UPDATE 1-India's Gateway Distriparks aims to list rail unit

April 14, 2015 12:08 PM

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MUMBAI, April 14 (Reuters) - Indian logistics firm Gateway Distriparks Ltd is aiming to list its rail unit, valued by analysts at nearly $500 million, by the end of the current financial year in March 2016, two sources directly involved in the process told Reuters.

Private equity firm Blackstone, a key investor in unit Gateway Rail Freight, had written to the parent firm in January asking it to consider an initial public offer, according to a company filing at the time.